Nantucket Island Massachusetts Directory of Real Estate Resources

Archive for February, 2008

Property Transfers

Wednesday, February 20th, 2008

Feb. 11, 2008 ~ Feb. 15, 2008
1. A business on .03 of an acre at 33 Main St. sold to Lawrence M.
Maury and Michelle B. Maury of Naples, Fla. from Robert E. Tonkin,
Executor, of Nantucket, Mass. for $4,500,000. The property is assessed
at $4,205,600. The land bank fee is $90,000.
2. A house on .82 of an [...]

Estimate of Proposed Loan Limit Increases

Friday, February 15th, 2008

Geographic Area Current Loan Limit Proposed Loan Limit
Anchorage, AK $625,500 $625,500
Atlantic City, NJ $417,000 $453,750
Baltimore-Towson, MD $417,000 $424,351
Barnstable Town, MA $417,000 $583,374
Bend, OR $417,000 $447,500
Bishop, CA $417,000 $729,750
Boston-Cambridge-Quincy, MA-NH $417,000 $603,907
Boulder, CO $417,000 $459,375
Bremerton-Silverdale, WA $417,000 $475,000
Bridgeport-Stamford-Norwalk, CT $417,000 $715,164
Charlottesville, VA $417,000 $425,000
Durango, CO $417,000 $443,750
Edwards, CO $417,000 $729,750
Fairbanks, AK $625,500 $625,500
Flagstaff, AZ $417,000 $450,000
Gardnerville [...]

Why rates are going up

Friday, February 8th, 2008

Treasuries Fall as Demand Wanes for Lowest-Ever 30-Year Yield
By Sandra Hernandez and Deborah Finestone
Feb. 7 (Bloomberg) — U.S. Treasuries declined as demand was weaker than expected at the government’s $9 billion auction of 30-year bonds, which drew the lowest yield on record.
Ten- and 30-year securities fell a second straight day as traders bet the [...]

Latest Rates

Monday, February 4th, 2008

Rate Update for February 4, 2008
5/1 ARM 5.375%
7/1 ARM 5.875%
30 YEAR FIXED 6.5%
Rates are based on Jumbo loan amounts (over $417,000.)
Aggressive Loan to Value Land and Construction Loans
(No Cap on Land or Construction Loan Amounts)
Pre Fabrication Financing Available
Matthew Sanford
Sr. Loan Officer
617.293.5399
Matthew.Sanford@Salemfive.com
Dalton